Real Estate Math
A borrower pays $3,600 in points on a $180,000 loan. How many points did they pay?
A1 point
B2 points✓ Correct
C3 points
D4 points
Explanation
Each point = 1% of loan amount = $1,800. Points paid = $3,600 ÷ $1,800 = 2 points.
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